Wall Street Fundamentals Releases New In-Depth Stock Reports on FITB, KEY, RF and SNV


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Companies Mentioned

NASDAQ:FITB / NYSE:KEY / NYSE:RF / NYSE:SNV
08/30/2013 [ACCESSWIRE]

The Federal Deposit Insurance Corp. has reported that the U.S. Banking Industry posted record earnings of $42.2 billion in the second quarter of 2013, an increase of 23 percent year-over-year. Results were driven by a sharp improvement in banks’ losses on loans, which declined 30.7 percent-year-over-year to $14.2 billion, a six-year low. Additionally, the number of banks at risk of failure was 553 in the second quarter, compared to 612 in the first. Regional banks have outperformed the broader financial sector in 2013. The SPDR KBW Regional Banking ETF (NYSEARCA: KRE) has gained approximately 27.5 percent year-to-date, compared to the Financial Select Sector SPDR Fund (NYSEARCA: XLF) gain of 19.0 percent.

Fifth Third Bancorp (NASDAQ: FITB) shares traded in the range of $18.17 to $18.55 Thursday before settling to close at $18.38, an increase of 0.22 percent. The stock appears to be facing some resistance at the $18.57 and $18.91 levels with some support at $17.73. Shares of Fifth Third Bancorp have gained approximately 20.0 percent year-to-date.

More information on Fifth Third Bancorp and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/FITB

KeyCorp (NYSE: KEY) shares traded in the range of $11.68 to $11.87 Thursday before settling to close at $11.79, an increase of 0.86 percent. The stock appears to be facing some resistance at the $11.79 and $12.14 levels with some support at $11.49. Shares of KeyCorp have gained approximately 40.0 percent year-to-date.

More information on KeyCorp and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KEY

Regions Financial Corporation (NYSE: RF) shares traded in the range of $9.39 to $9.62 Thursday before settling to close at $9.49, an increase of 0.53 percent. The stock appears to be facing some resistance at the $9.53 and $9.75 levels with some support at $9.36. Shares of Regions Financial have gained approximately 33.0 percent year-to-date.

More information on Regions Financial and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/RF

Synovus Financial Corp. (NYSE: SNV) shares traded in the range of $3.27 to $3.36 Thursday before settling to close at $3.30, a decrease of 0.60percent. The stock appears to be facing some resistance at the $3.36 and $3.45 levels with some support at $3.17. Shares of Synovus Financial have gained approximately 35.0 percent year-to-date.

More information on Synovus Financial and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/SNV

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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